AMC Entertainment (NYSE:AMC) Trading Up 9.8% – Time to Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares were up 9.8% on Friday . The stock traded as high as $1.72 and last traded at $1.7350. Approximately 17,504,265 shares traded hands during trading, a decline of 48% from the average daily volume of 33,751,293 shares. The stock had previously closed at $1.58.

Analyst Ratings Changes

Several equities research analysts have weighed in on AMC shares. Benchmark raised shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a research report on Wednesday, May 6th. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Roth Mkm set a $1.50 target price on shares of AMC Entertainment in a research report on Tuesday, May 19th. B. Riley Financial reaffirmed a “neutral” rating on shares of AMC Entertainment in a research report on Friday, April 17th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.24.

AMC Entertainment Stock Up 9.8%

The stock’s fifty day moving average price is $1.39 and its 200 day moving average price is $1.56. The stock has a market cap of $1.06 billion, a PE ratio of -1.64 and a beta of 2.14.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $979.19 million. During the same quarter last year, the firm posted ($0.58) EPS. The firm’s revenue was up 21.2% on a year-over-year basis. On average, equities research analysts expect that AMC Entertainment Holdings, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling at AMC Entertainment

In related news, CEO Adam M. Aron acquired 250,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average cost of $1.38 per share, with a total value of $345,000.00. Following the completion of the acquisition, the chief executive officer directly owned 2,437,020 shares of the company’s stock, valued at approximately $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.43% of the stock is owned by insiders.

Institutional Trading of AMC Entertainment

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in AMC Entertainment by 13.1% during the third quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock valued at $145,346,000 after buying an additional 5,793,996 shares during the period. UBS Group AG lifted its holdings in shares of AMC Entertainment by 4,537.9% in the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock worth $67,265,000 after buying an additional 22,694,842 shares in the last quarter. Geode Capital Management LLC raised its stake in AMC Entertainment by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 12,254,550 shares of the company’s stock valued at $19,121,000 after purchasing an additional 1,029,668 shares in the last quarter. State Street Corp raised its stake in AMC Entertainment by 12.7% during the fourth quarter. State Street Corp now owns 11,349,046 shares of the company’s stock valued at $17,705,000 after purchasing an additional 1,278,974 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in AMC Entertainment by 20.6% during the fourth quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock valued at $12,495,000 after purchasing an additional 1,369,000 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.